Unease over Guatemalan gold rush

With gold prices skyrocketing, the Mayans of Guatemala find themselves caught up in a new rush for the precious metal.

Friday, August 22, 2008

Mario Tema sits across from me, a Mayan with a mission.

We are in the town of Sipacapa in the Western Highlands of Guatemala, washing down a breakfast of tamale and beans with a cup of freshly brewed coffee.

As he tells me of the town's fight against a huge open pit gold mine, that famous picture of Che Guevara gazes at us from the wall. Here in Sipacapa, Mario Tema is an anti-mining icon.

Last year he travelled to Vancouver, where the mine's Canadian owner, Goldcorp, has its headquarters. He went to speak out against ...

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Investments in Gold Mining On The Rise

October 2011

During 2011 the price of gold has continued to rise, and so far this year has recorded growth of 16%, which has encouraged mergers and acquisitions in this mining sector.

In the eleventh year of rising prices, gold reached the record value of $1,923.70 an ounce on September 6.

Nicaragua could be missing out on the gold boom

May 2008

Nicaragua has a long tradition of gold-mining but is failing to cash in on the current boom in the price of the metal.

Until 60 years ago, Nicaragua was one of the world's leading gold producers but years of social conflict put the mining industry into the shade.
Now geologists and independent companies say the government should do much more to promote gold mining as a major plank for the development of the nation's economy.

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